Question: k Without considering the convexity effect, what is the approximate percentage price change if the bond's yield to maturity increases by 150 basis points. Use

Without considering the convexity effect, what is the approximate percentage price change if the bond's yield to maturity increases by 150 basis points. Use the formula that relies on modified duration, Round your answer to three decimal places and express your answer in percentage terms (e.g. 3.500% not 0.035). -2.45 -1.53% +1.53 O +15.37 1.018 107 Mostly Without considering the convexity effect, what is the approximate percentage price change if the bond's yield to maturity increases by 150 basis points. Use the formula that relies on modified duration, Round your answer to three decimal places and express your answer in percentage terms (e.g. 3.500% not 0.035). -2.45 -1.53% +1.53 O +15.37 1.018 107 Mostly

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